CHRISTIAN MANG/Reuters
Parliament suspended a debt brake to fight the crisis on March 25 with a supplementary budget of 156 billion euro, 100 billion euros for an economic stability fund that can take direct equity stakes in companies, and 100 billion euros in credit to public-sector development bank KfW.Story continues below advertisement
He said that Germany would aim to recover the outlays over a long-term period without having to make substantial savings elsewhere. People enjoy the evening sun in the park next to the Schoeneberg town hall in Berlin on April 18, 2020A demand by his Social Democratic party in a coalition government led by Chancellor Angela Merkel’s conservatives, he said such taxation needed to be “fair and just,” supporting lower income groups as well.